Noranda Income Fund Unit T.NIF.UN

RE:Third Quarter

[schocor]

Bwrbhk wrote: Higher TC's, a weaker Canadian dollar and high sulphuric acid prices, partially offset by lower zinc prices bodes well for 3 rdQ earnings provided that operating results have not deteriorated from the dismal 2nd Q results.  Will see in early November.

While deteriorating from Q2 would be very terrible, even a small improvement from Q2 woudl be seen as terrible in my mind. This plant is runnign terribly in the first two quarters of the year and even into last year. We need to see material operating improvements in November.